We continue our search today for evidence that Australia's commodity boom is over. Of course we could be totally wrong. But that's the establishment position anyway.
The Reserve Bank of Australia (RBA) is among the bodies to suggest that loan-to-value (LTV) ratios should be capped for property lending in Australia.
Efforts to lure corporate travellers from rival airliner Qantas Airways Ltd. had definitely paid off, as Virgin Australia Holdings Ltd., Australia's second-largest airline, posted a full-year profit of AU$22.8 million (US$23.6 million), up 134 per cent from the AU$67.8 million loss a year ago.
All construction work at the Cotter Dam site was stopped on early Tuesday morning by the Construction, Forestry, Mining and Energy Union (CFMEU) over safety concerns.
Last Friday, we got a little more enthusiasm in the markets... a little more spark...
GM Holden has announced Monday the recall of more than 51,000 units of vehicles that the carmaker assembled and marketed in South Korea between 2007 and 2010, pinpointing faulty brake modules as the likely cause of the unprecedented move.
Perth residents trooped to shopping malls and other retail outlets on Sunday for the first time as Western Australia's amended Sunday trading laws took effect on Aug 26.
Still in the Dog Days of August... and still the old dog is taking it easy... lying in the shade... panting in the heat of the day.
Despite the recent floods, an extraordinary change of mood has gripped the Philippines, the sense of a new beginning.
Have we told you how much we love Argentina? It's a dream... at least for an economist with an 'I-told-you-so' bent and a sense of mischief. For everyone else, it is a nightmare.
Westpac Bank, one of the big four which used to defy Reserve Bank of Australia (RBA) overnight cash rate policies, is recommending more interest rate cuts to boost the Australian economy.
Among Australian states, Queensland has the most number of mortgage defaults, a report by Fitch Ratings released on Wednesday said.
According to a recent study, obesity may indirectly cost the U.S. economy over $450 billion a year. Furthemore, a recent poll by Gallup also estimated that U.S. businesses lose nearly $113 billion each year due to obese American workers.
Telstra Corporation has listed 651 jobs on its axing sight, which the giant telco said on Tuesday was part of underway efforts to streamline its customer service operations across the nation.
A taskforce made up of trade unions and manufacturers submitted on Thursday its report to Prime Minister Julia Gillard containing more than 40 recommendations.
Etihad Airways is aggressively on the roll and its Australian CEO, James Hogan, declared on Wednesday that following its substantial holdings acquisitions on Virgin Australia and three other carriers in Europe, the airline is looking for more.
International frequent travellers might as well start to practice the feeling of being bodily scanned by a $230,000 worth security machine as Australia starts to roll-out those humongous equipment effective November 2012 in all its international airports.
When you're at school, history is just a bunch of stuff that's already happened. When you enter the real world (after university) history becomes rather useful.
Do you feel that in the air? It's the rustling of politicians all over the world, ready to meddle. It's coming. They've been pretty quiet over the North American summer. But that's probably about to change. The task of today's Daily Reckoning is to figure out what kind of change...and whether it's the kind of change you embrace...or flee with monster truck force.
Housewives With Frying Pans Protest Japan Tax Hike as Debt SoarsAbout 200 housewives marched down a shopping street in central Tokyo, beating pans with ladles and shouting slogans criticizing a government plan to double Japan's 5 percent consumption tax.
And Australia's most expensive night out destination award goes to Perth, which, according to TripAdvisor's TripIndex 2012, would charge $430.83 for two people just to spend a night at a four-star hotel, tour the city on a round-trip via taxi, get to enjoy cocktails at a five-star hotel bar and enjoy dinner with wine.
With seven gold, 16 silver and 12 bronze medals, Australia, with a deflated ego, accepted its final tenth standing on the medal table at the closing of the 2012 London Olympics on Sunday.
If official facts and figures are to be believed, the U.S. economy was able to add an additional 163,000 employment opportunities during the month of July, noticeably exceeding the numbers speculated upon by the analysts.
After a week of continuous heavy downpour which flooded Metro Manila and nearby provinces, the sun finally shone on the Philippines on Thursday.
Honda has unveiled, at least in photos, the 2013 version of the hugely popular Honda Accord mid-sized sedan, which the Australian branch of the Japanese carmaker said will hit Aussie roads by the second half of the following year.
Due to more incidents of workplace bullying as Australia's economic condition weakens, national workers' compensation claims for harassment almost doubled in three years.
Why do people love competition so much in the field and in the pool, but fear and hate it in the business world? The analogies between Olympic fare and life in a free market are very close, closer than people realize. Yet we celebrate competition in one sector and try to ban the other.
Qantas Airways has implemented flight manual and software updates that govern standard operational procedures on its real-time cockpit environment, which the national carrier said were moves meant to eliminate “process errors.”
Despite the absence of a typhoon, monsoon rains which dumped 300 millimetres (12 inches) of rain in the Philippine national capital region (NCR) caused half of Metro Manila to be flooded. The amount is thrice the daily average of 80 to 100 mm of rain, the Philippine weather bureau said.
Dreamworks Animation SKG Inc., creator of the well-loved giant panda and its martial arts friends in "Kung Fu Panda," together with its Chinese joint venture Oriental Dreamworks, is poised to invest some $3.1 billion to create a theme park in Shanghai which it expects to launch in 2016.
